For the fiscal year ended March 31, 2019, operating revenues increased to 4.84 trillion yen from 4.76 trillion yen, previous year. The company said this was mainly due to an increase in optical-fiber broadband service revenues due to growth in the number of "docomo Hikari" user as well as an increase in equipment sales due to an increase in the proportion of advanced smartphones in the number of handsets sold.

For the fiscal year ending March 31, 2020, the company projects operating revenues to be 4.58 trillion yen, a decrease of 260.8 billion yen from the previous fiscal year due to a decline in mobile communications services revenues resulting from the introduction of new billing plans. Operating profit for the fiscal year is projected to be 830 billion yen. Basic earnings per share is projected to be 175.00 yen, for the fiscal year.

Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection.

Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020.

While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019.
For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20...